By Brad Beckett on June 22, 2026
The National Association of Realtors is reporting that pending home sales were up 3.8% in May and up 4.8% year over year. Click here to read more.
The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) came in at 76.8 in May. Month-over-month and year-over-year pending home sales rose in the Northeast, Midwest, South and West.
“A late spring buyer rush—even with mortgage rates not budging—is an indication of pent-up housing demand and consumers’ acceptance of above-6% mortgage rates as the new normal…More supply is needed to help moderate home price growth.” Said the NAR’s Chief Economist, Lawrence Yun.
Click here to read the full release at the National Association of Realtors.
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